Question

What are the steps taken by the Indian government to attract foreign investment.​

Answer 1

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In the recent years the Indian Government has taken special steps to attract foreign companies to invest in India:

i) The government has set up industrial zones called special Economic Zones SEZs.

SEZs provide world class facilities – electricity water roads transport storage recreational and educational facilities.

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Answer 2

Required Answer :-

➡️ Indian government launched many new plans to attract foreign investment :-

1. Special economic zones have been set up to many parts of the country.
2. Cheap facilities has been provided to enhance foreign investment. They consist of transportation, electricity, storage, etc.
3. Labour laws are made flexible.
4. Companies who set up their own units in SEZ's don't need to pay taxes for five years.
5. Government provide various legal concessions to attract companies to invest in India.

◆Additional Information :-

1. What is a foreign investment ?

➡️ Foreign investment refers to the investment in the domestic companies by foreign investors.

2. What are SEZ's ?

➡️ Special economic zones are popularly known as SEZ's. This is an area in which business and trade laws are different from the rest of the country. They are located within the national borders of the country.